Debtors definition

Debtors has the meaning set forth in the Recitals.
Debtors has the meaning set forth in the recitals to this Agreement.
Debtors as defined in the recitals hereto.

Examples of Debtors in a sentence

  • Anything to the contrary notwithstanding, the Agent shall have no obligation whatsoever to any Secured Party to assure that the Collateral exists or is owned by the Debtors or is cared for, protected or insured or that the liens granted pursuant to the Agreement have been properly or sufficiently or lawfully created, perfected, or enforced or are entitled to any particular priority.

  • Except for the representations and warranties of the Debtors expressly set forth in this Agreement, such Equity Commitment Party has independently evaluated the merits and risks of its decision to enter into this Agreement and disclaims reliance on any representations or warranties, either express or implied, by or on behalf of the Debtors.

  • If, upon the sale, license or other disposition of the Collateral, the proceeds thereof are insufficient to pay all amounts to which the Secured Parties are legally entitled, the Debtors will be liable for the deficiency, together with interest thereon, at the rate of 18% per annum or the lesser amount permitted by applicable law (the “Default Rate”), and the reasonable fees of any attorneys employed by the Secured Parties to collect such deficiency.

  • The Debtors shall also pay all other claims and charges which in the reasonable opinion of the Agent is reasonably likely to prejudice, imperil or otherwise affect the Collateral or the Security Interests therein.

  • The Debtors are, contemporaneously with the execution hereof, delivering to Agent, or have previously delivered to Agent, a true and correct copy of each Organizational Document governing any of the Pledged Securities.


More Definitions of Debtors

Debtors has the meaning set forth in the Preamble.
Debtors has the meaning ascribed to it in the recitals.
Debtors has the meaning set forth in the preamble to this Agreement.
Debtors means the Borrower's customers who are indebted to the Borrower.
Debtors means, individually, any of the above-captioned debtors and debtors-in-possession and, collectively, all of the above-captioned debtors and debtors-in-possession.
Debtors means the Company Parties that commence Chapter 11 Cases.
Debtors shall have the meaning set forth in the Recitals.